Stolen Homes: Philly Deed Fraud Scam on the Rise | NBC10 Philadelphia

In 2018, the number of people in Philadelphia who claimed to be victims of deed fraud jumped by more than 70 percent, according to City of Philadelphia data. Fraudulent transfers of property disproportionately affects low-income communities and those of color, according to advocates. The elderly are also particularly vulnerable.

An NBC10 investigation found that between 2013 and 2017, the city averaged 72 fraud reports per year. That number climbed to 136 allegations in 2018.

Part of the problem is oversight. The Philadelphia Records Department, which tracks deed transfers, only ensures appropriate paperwork has been turned in and notarized. No further verification is necessary under Pennsylvania law.

Read more on our investigation here: http://on.nbc10.com/TtJXz0Q
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